The need to support countries formulating policies and strategies for MSME resilience has been recognized by the General Assembly resolution A/RES/74/270 . In the Secretary-General’s report ‘Shared responsibility, global solidarity: Responding to the socio-economic impacts of the COVID-19 pandemic’ , supporting MSMEs is outlined as a focus area to tackle socio-economic effects of the COVID-19 pandemic. Supporting MSMEs and informal workers is also included as one of the five pillars in the…
The 2020-2022 World Social Protection Report noted that globally, only 46.9% of the population was effectively covered by at least one social protection benefit, and in Africa and Asia and the Pacific, this is even lower, at 17.4% and 44.1%, respectively. Evidence suggests that countries with better social protection policies and programmes are better at curbing the effects of the Triple Crisis, with overall positive effects on health, education, labour market outcomes, income inequality,…